Idaho Authorizes $126M Purchase of Former HP Campus

The Idaho House approved a resolution authorizing state officials to finance the purchase of office space on Hewlett-Packard’s former Boise, ID campus. The buildings will house Idaho’s State Tax Commission and possibly other state agencies. Governor C.L. Otter said the administration plans to acquire the 1.3-million-squre-foot campus for approximately $110 million, with the extra $16 million going to renovations.

The company employed 4,000 at the campus on Chinden Boulevard at one time. HP indicated it would lay off 3,000 workers by the end of 2016 to save the company $300 million by early 2017. HP declined to share details of the transaction, only to tell Fortune magazine that “it plans to evaluate sale and leaseback deals for the company’s Boise site.”

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